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A Mainstreet view on the Covid-19 social crisis. According to CBS News, the North Texas Food Bank (NTFB) handed out more than 600,000 pounds of food this past weekend to 25,000 hungry people. Saturday's event was the "largest-ever" food giveaway as described by NTFB. As shown below, aerial photos reveal vehicle lines stretched miles down the street. Source: www.zerohedge.com 

Source: Statista 

VIR management, an anti-body manufacturer, articulated a bear case for covid-19 vaccine: 1) the real-world efficacy rate is likely to vary from the headline figure reported, and the inevitable distribution and uptake challenges suggest that COVID-19 will remain an issue until herd immunity mounts or perhaps may even become endemic similar to the seasonal flu; 2) We have yet to see how vaccine efficacy rates breakdown across populations, and note that there may still be a need for certain groups including the elderly where earlier trials noted a lower rate of injection site reaction that might be indicative of a lower vaccine response in these subjects in general (source: Goldman Sachs Trading desk, The Market Ear)

Americans are cash rich, as savings of households increased these past months. The question is, where will this money be spent? Traveling, shopping, investing, or stay safe and hidden?

"The October U.S Retail Sales report missed expectations yesterday on both a headline and core basis. Breadth in this month’s report was also negative for the first time since April. Of the thirteen sectors tracked in the report, just five showed growth while eight declined. On the positive side, Non-Store retail was the main bright spot with m/m growth of 3.11%. That’s the last thing every traditional retailer wants to hear and could be indicative of another wave of retrenchment on the part of consumers as the weather gets colder and case counts rise. Electronics and Appliances also reported strong sales growth likely aided by the launch of the iPhone 12. On the downside, Clothing and Sporting Goods both saw m/m declines of over 4%, while sales at General Merchandise retailers dropped 1.1%" - Source: Bespoke